Determine the size and competitiveness of the market. Okay, so you've decided to sell miniature craft accessories — miniature chairs for doll collectors, perhaps. The next question you should consider is how good of a business proposition is this? You may be the best miniature craftsman (or -woman) that money can buy, but it won't mean very much if no one buys miniatures for dolls, or if the market for doll miniatures is already really competitive and margins are razor thin.
Great list with a lot variety, Holly! I’m an independent consultant with Jamberry Nails – http://katiemboehm.jamberrynails.net. We offer a heat activated, vinyl nail shield that lasts for 2 weeks on fingers (6 weeks on toes). It isn’t nail polish based, so there is no dry time, flaking or smudging! Even better, it is non-toxic, water tight and made in the USA.
Thanks so much for writing this article! Much of what is being said about Amazon is 100% accurate. I work for an American-owned but China based importing company that specifically helps online sellers, and I’m afraid sellers do share some of the blame. Many online sellers are failing to do their product sourcing properly because they’re using outdated guides that worked a few years back but still appear everywhere on the internet. First, they seek out the cheapest manufacturer possibe on Alibaba because they’re testing their business. This leads to them being connected with middlemen and scammers. The deluge of sellers asking for the lowest possible MOQ means the best suppliers just ignore them and move on. And all too often, sellers fail to do a quality control inspection on their goods prior to shipping them to FBA because they just care about sales. As a result, Amazon has started to get very stringent with product quality issues. It really is the sellers responsibility to ensure their goods come from a reputable supplier. No, Alibaba star ratings are not a good indicator because they can be purchased when a supplier joins the site. Sellers should also be testing their goods with a quality control inspection prior to sending to FBA, especially if they’re customized for private label. These are inexpensive (about $200 to have someone go to the factory and check your goods). Defects are common in manufacturing, and smart sellers make sure their order includes recompensatoin for defective units prior to them being shipped to Amazon. Walmart would never put items on the shelf without a qc check and online sellers should follow theri lead. You’re exactly correct that this problem has come from too many folks jumping on the bandwagon without fulling understaing how to import safely. And we agree, the Amazon wave will only last so long. Amazon sees sellers as middle-men driving up the price to line their own pockets, so they are now training Chinese manufactureres to list their products on Amazon themselves. It is those same suppliers who are now undercutting the sellers on Amazon, and frankly, wouldn’t you if you were them? Steve is entirely right that the best strategy is multi-channel selling and that’s why we’re huge fans of this blog!
Over the last few days, I’ve had three extremely similar conversations with three entrepreneurial friends of mine. One was about a crowdfunding campaign. One was about a book blurb. One was about a new product page for a soon-to-launch product. What struck me was how incredibly similar the three conversations were: There was a serious disconnect between what the customers need and what the entrepreneurs want to talk about.
To become a stylist for Stella and Dot, you'll need to put in an initial investment of around $200+ This cost includes the jewelry you'll be putting on display (and hopefully selling) at your initial trunk show (home-party). Stylists earn 25% of their total sales, so if you sell $100 worth of jewelry at your first trunk show you'll take home $25. Given the price of the pieces though, you'll likely make more if you host a large enough show.
Be prepared to discuss how you use the product, or how other satisfied customers have. Specific stories about the product make it relatable to customers. For instance, if you’re selling a shampoo, you can tell a customer something like: “My hair is usually so frizzy, but ever since I’ve started using this it’s been as smooth and straight as it is right now.”
PartyLite is one popular home business opportunity in this category. It’s actually the #1 party plan candle company in the world. The business opportunity was first introduced in 1973. Today, the candles are sold internationally in over 21 countries. Get started for just $99 or choose the earn-your-kit option to get started with no out-of-pocket cost.
Correction from my previous post, updated. This is ground -floor with awesome makeup and beauty opportunity. I had an error with the previous link. Sorry :( But if you have ever wondered what it would be like to start from the ground level in a company like Mary Kay, Avon, It Works… Etc? I have! How much would I make? Where would I be now? Well, I have gotten the opportunity to invest in from ground up in a BRAND NEW FRESH company called Maëlle! We are going to EXPLODE once we launch in June!! THAT’S RIGHT!!!! WE HAVEN’T EVEN LAUNCHED YET!!!!! HOW AMAZING IS THIS OPPORTUNITY!?? It’s VERY!!!!! You could become a founder in this amazing make-up and skincare company!!!! If anyone is interested in this opportunity, then click on! The first 1000 to sign on are founders and we are already over half way there. Starting from this level will NOT be available for much longer. (come hit follow on my page for updates)
Google Trends is the most popular tool for finding trends. You can browse their Featured Insights which give you a look at what’s trending in the world right now. If you’re trying to figure out if a product or a niche is worth tapping into, you can search the exact keywords to find out if the niche is trending upwards. You can look up data from as far back as 2004 to show you the patterns over the years. If you see a cyclical pattern, it’s likely that the product is seasonal especially if it always peaks and dips around the same time each year. If the product has been trending upwards it’s likely worth adding to your store and start selling. If you look at data from the past 12 months, you might not be able to see whether or not the product is trending upwards as it can often be pretty flat. Aim to look at historical data from the past 5 years or from 2004 to really get a picture into whether it’s a trending product or not.
And did you see that? Team members? I'm about to promote to Director in the next month - just six months after starting. And again, not because I've been badgering people to join, just because I'm connecting with people who love the products and, for whatever reasons, want to become a consultant. I have one team member who has a $150/month deficit in her current budget, but she is a single mom and need something she can do on her own timing. Another wants to learn to cook better and loves the products. Another lady just retired and needs some extra income and wants to get out and meet people still. I'm super grateful for the team I signed up with as well. They've been great to work with, super helpful, and don't pressure me to do anything other than reach my own goals.
If your item is out of stock, you will immediately lose your Buy Box spot to another seller who DOES have that item in stock. If you ever get a Buy Box spot, make sure to ensure that you've always got an adequate supply. While you can get your Buy Box spot back after you've restocked your inventory, it's never 100% certain. Plus, the loss of sales due to the loss of a Buy Box is punishment enough, so make sure supply meets demand!
Selling online is time consuming, and requires trial and error. This means that failure will be part of your journey. When a product flops, you’ll need to draw on your passion for the line-up of products you carry to keep you going. And, if you have a burning passion for the market you’re in, you’ll better be able to sense trends and put yourself in your customer’s shoes.
BigCommerce offers a handful of options that allow users to manipulate their stores and stock, that Shopify does not. BigCommerce also has its own app programme, where storeowners can add additional features. For those who have some knowledge of coding, or are willing to learn, BigCommerce offers capabilities that could help ensure your site never ‘outgrows’ the platform it is built in. In a nutshell, if you have big (realistic) plans for your online shop – BigCommerce may be the way to go. BigCommerce also has a much larger international presence than Shopify, therefore if you are based in Europe or Australia, or eventually want to expand your presence that way, BigCommerce already offers a wider set of shipping options.
If you’re looking for a good way to make some extra money in your spare time, or for a chance to work from home with a more flexible schedule, selling products from home is often an easy and reliable method. However, it’s important to start out with a good plan. Women who are interested in starting a home sales business for a way to add extra income while working around their family’s schedule may want to take this online course on becoming a successful sales woman before starting out. This course on keys to sales success can also be helpful for a new sales career.
New companies are added all the time! Grab a piece of paper and think about what products might interest you. Once you've got it narrowed down – start looking closer at companies that offer those particular items. Once you've got it down to 2 or 3 direct sales companies – then you can start asking for a look at their compensation plans. Try and find someone with the company that is close to your area. Meet with them over some coffee at a Cracker Barrel or something – and have your questions prepared. Ask them to bring some sample products. Or simply host a home party at your house! This way you get an idea of what you need to do to grow your home business, the products and you can earn FREE hostess reward item(s) to boot!
Unique products: Selling unique products is not only a trend but might be one of the profitable ways to do business online. Sourcing products from the local vendors would give you extremely unique products to sell online. For example, you can source exclusive Hyderabadi bangles from Hyderabad, Bandhini sarees from Gujarat, Chikan embroidered kurtis from Lucknow, etc. Since these products are specific to their own regions, online selling would give wider reach, thereby, more customers and more growth.
Selling a product doesn't have to be complicated. At its most basic level, a sales program is defined principally by what you sell, who you sell it to and how you sell it. Beyond that, sales involves staying focused on the details of your product and customers. As a sales program continues you will want to keep paying attention to changing trends and the needs or desires of your customers. By observing these changes you will be able to adjust your program and keep your sales strong.
I have worked for over 60 hours per week for the past 3 years, publishing 600 books on KDP, Createspace, and ACX. I didn’t do anything shady, and I was making between 10,000 to 15,000 per month. Suddenly, I got a notification that one of my books was blocked because of copyright/trademarked issues. I had no clue that a particular diet was trademarked, but here is the thing: Usually, they just block that one book. Makes sense, right? It’s happened in the past, and it happened to other publishers too. But this time, they just decided, just like that, to block my entire account, withhold all the royalties (a.k.a. “steal” the money they owe me, since customers paid full price for those books), and put a stop to my entire income stream. They are the most evil, corrupt company in the world, and I am shocked that customers still trust them. Well, at least they lost one family of customers. Never buying from them again. They need to rot in prison. Stealing is against the law!
As well as your own hosted and non-hosted website shop, there is also the option of an online marketplace. These are a good choice if your interest is to solely sell products, as opposed to start a business or develop a well-known brand. This is because marketplaces such as Amazon, Etsy and Ebay allow you to quickly add a catalogue of products and sell at low-cost with minimal support or background knowledge needed. They also give you access to their wide search database and customer flow, giving you steady trade without you having to spend time or money marketing your products. Let’s take a look at what some of the platforms have to offer:
You do have to fit into one of 20 categories in order to be a third party seller. Some of the more common categories — that are also profitable — are clothing, healthcare, beauty products, baby products, jewelry, home and garden items, cell phones, electronics… just about anything you’d want to sell is covered. For a complete list go here: https://services.amazon.com/services/soa-approval-category.html.
Great post! I have started with a new company called Sexydivalingerieparties.com. I love it so far. The people are very helpful and they have great incentives. Not only is a ground floor opportunity but we have so many great products from Lingerie, Plus sized lingerie, Adult games and toys. Please feel free to check it out or if you want more info can contact me! Thanks!
Although virtual parties would probably see some sales, this is one of those products you really need to sell at home-parties and through in-person-networking to break even. I personally can't see myself buying a gourmet edible product like this without sniffing it at the very least, and it might be a hard sell if most of your friends are still in the pregnant/breastfeeding stage since many teas and herbs are kind of a no-no during those times.
Start taking people seriously when they give you compliments. What is it that people tell you you’re great at? Perhaps family and friends can’t get get enough of your online reviews. This is exactly how Spearmint Love started. Founder Shari Lott was a once-time baby clothes blogger and reviewer. Soon, she realized she was gaining more traffic and praise than many of the brands she promoted. So, she decided to start calling in wholesale orders and selling the goods herself. Today, Spearmint Love is a wildly successful brand, and Sheri is a well-known trend-spotter in the industry.
Amazon determines how much they think it should cost to ship a product based on the merchant’s origin, the customer’s address and the given weight of the product. However, oftentimes the amount of money that Amazon reimburses merchants for shipping won't match the actual shipping cost. Making sure that your item weight and dimensions are listed correctly will help make these shipping estimates as accurate as possible. However, it may still be necessary to factor this into your pricing decisions - sometimes, you'll need to increase the price of a product to offset Amazon's too-low pricing estimates. If you're having problems making a profit after shipping costs, you're probably pricing too cheaply.
Your readers care about being moved, entertained, enlightened. Your crowdfunding backers care about how they feel for being part of the experience from the beginning and about the rewards they get at the end. Your buyers want to believe that by buying your product, they can take better photos, shoot better video, be more creative, and make more money.
I really enjoyed this article because you were not trying to sell something, just giving out great information. I think the breast milk is a great idea, since you can produce as much as you can pump, even if your not pregnant. I bet the moms that can not breast feed like this. I thought the eggs was a great idea too, since both ideas help the buyer and seller.
After months of research, I finally decided on Fundanoodle and became a Fundanoodle ambassador. Fundanoodle is an education readiness program (selling activity books and games) geared towards 3 - 7 years olds to develop motor skills and prepare them for success in school. The products were designed by pediatric occupational therapists and elementary school teachers. This product is a hit with the homeschool crowd, and many parents with children with special needs especially ASD have found these products to be very useful. However, Fundanoodle products are designed for all little learners!
If your friends are always asking for help with their taxes, you can work down the street at a temporary tax store for $10 an hour, or you can sell your own services for several times that amount. You will need software and a computer dedicated to the business. Then you need to find clients. Look for small businesses that are just getting started; they're most likely to need immediate help.
A benefit to becoming a consultant for Usborne books in the US is that the company is based out of the UK and their product is not available in the states except for the limited titles found in brick and mortar book stores and the small (outdated) selection on Amazon. So by being a direct-seller of this product, you have a leg up on the retail competition as you'll be offering new titles at the best possible price.
Excited to hear that Watkins is one of your faves. More n more I am loving my Watkins business and family. Our sign up in June is a mere 29.95 and that includes personalized website. You are free from there to do whatever you wish with no stressful monthly quotas or autoships. We are soon to celebrate 150 years in business - now that is legitimacy and longevity hard to match. Thanks for your article and your endorsement of Watkins!
For individual sellers who plan on selling fewer than 40 items per month, Amazon charges a flat $0.99/item + a referral fee ranging from 6 – 45% (with an average fee of 15%) depending on the product category you’re selling in, and are eligible for the Fulfillment by Amazon service, which lets Amazon store your products, handle customer service, shipping, and fulfillment for all of your online orders through Amazon.com.
High-demand products: Selling products that are bestsellers is one of the safest ways of starting an online business. All you have to do is some research. You can have a look at some of the bestselling online products in India and according to your interest and availability of the product in your location decide what all you can sell to get good sales.
Im not sure where you get your information but you are wrong on It Works. I have been with thr company 3 years now and have paid off all my credit cards and paid off my car in full. The start up cost is only $99 which you would know had you actually reasearched and looked at the site. Your comment about being sure to fail is way off. I haven't failed, my team hasn't failed and neither have those that I know personally making $100,000 per month. It Works is a Billion Dollar DEBT FREE company. Our CEO is awesome. Had you done full research, you would see the truth about how great of a company this is. Like ALLLLL DS companies, you get out of it what you put into it. If anyone says you're sure to fail, they failed themsleves, the company didnt fail them. Im very disappointed that this type of blogging isnt fact related but simply opinion bases.
BigCommerce was one of the platforms that didn’t include transaction fees on any of its plans but has recently dropped this, with the basic plan now accruing a 1.5% transaction fee for all purchases (Shopify charges 2% but reduces this if you are a larger user). The BigCommerce fee does go when you upgrade to a higher-level plan but this still puts BigCommerce on a level-playing field with other ecommerce platforms who also charge a basic transaction fee.
One of the most economical ways to produce a private label product is to source it overseas in China. Alibaba is a widely used website that connects manufacturers and suppliers in China to the rest of the world. It’s a popular site of choice for many Amazon private label sellers. To learn more about how to source products from Alibaba safely, check out our Guide to Sourcing Products from Alibaba.
With the Clever Containers I see a lot of stuff that can be purchased at a value price at retailers like Hollar, Ikea or even Target. To compete, I think Clever Container needs to style their products with more of an eye towards their market (I would consider myself one of their markets). What I look for in home organization products is first, functionality, which is present here, but second a product that blends well or accents my home, vehicle or office space. Their bathroom products are a great example of functionality and attractiveness! I'd like to see the laundry bags, travel sets and shopping bags come in more neutral patterns - they would be more marketable that way.
The draw for both new and current ecommerce sellers is the immediate reward of tapping into the ecommerce juggernaut’s massive built-in traffic stream of buyers. In addition to this, analysts estimate there are nearly 69 million Amazon Prime members as of this writing. By keeping Prime members satisfied, Amazon has built a loyal following of repeat buyers.
There are various other marketplaces and stockist websites which can help your product to be seen. Regardless of what you are selling, there is likely to be a niche marketplace or stockist out there to suit and can lead to more success than selling on Amazon or eBay alone. This includes ASOS Marketplace for those selling fashion, Feel Unique and Cult Beauty for skincare products and Not on the Highstreet and Handpicked Collection for unique items, often sold as gifts.
If you are technically proficient, a computer-related business might be right for you. Programmers, systems engineers, networking experts, repair and upgrade specialists, and web designers are always in demand. You could become a subcontractor for smaller companies and work as a consultant for them. Whether you provide software support or website design, the hourly wage for these services is among the best in freelancing.
Personalization and customization of products is in high demand. Laser engravers are primarily used in industrial production. But a new technology allows to make them small, portable and user-friendly. Cubiio is a good example of this trend. Although Cubiio can only engrave on wood, paperboard, cardboard, fabric, felt or leather, the new gadget successfully raised $798,495 of its initial $25,000 goal. A perfect product for DIY enthusiasts.
When deciding to sell on Amazon, the best advice we have is to know your business, and know what you're getting into. A new Amazon integration means a lot of new opportunities. By doing your homework and focusing on your business' needs, you'll be taking your online success to the next level in no time. If you're interested in checking out what Volusion can offer with Amazon integration, click the button below to start your free trial today!
Read everything, including the fine print. Many people that complain about direct sales really only have themselves to blame for not reading what they signed up for. Read the contract, terms, and restrictions. Make sure you understand how to terminate your contract and return your kit or products. Study the compensation and marketing plans, and ask questions if you don’t understand something.
Martha and Mary is a Christian-inspired direct sales company that offers a unique blend of business and ministry, selling home decor, jewelry, kitchen and tableware, and gift items. Consultants can earn 25 – 40 percent commission on sales, plus additional percentages for building a team. Startup costs range between $125 – $175, plus $65 for business supplies.
I read about this same thing happening to another seller and what he did was so awesome. He did 2 things. First he raised the price of his product really high and then ordered it from that eBay seller. He placed 10 separate orders back to back. When the eBay seller went to buy and ship the product, he found out that he actually would be losing money. He didn’t want to have a string of cancelled orders because his metrics on eBay would be bad and they would ban him. He begged the guy to cancel his orders and promised to never do that again. The other thing the seller did was switched his Amazon listing to zero units available and again, he went to that eBay seller and made multiple orders back to back. When the eBay seller went to order from the Amazon seller, there was no inventory. So ta-da! You don’t even need to bother Amazon or eBay. Just take care of it yourself just like this seller did.
Trend Hunter is a popular website that lists trends for various niches. You’ll find trends for sub niches within fashion, jewelry, gadgets, home and more. If you browse through a few of the articles while cross checking with AliExpress or Google Trends, you’ll find quite a few products you can add to your store. Some of the trends are general ideas while others are more product focused.